secwatch.observer — SEC 8-K summary
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Issuer:     Purebase Corp (PUBC)
CIK:        0001575858
Form:       8-K
Filed at:   2022-09-30T23:59:59+00:00
Accession:  0001493152-22-027228
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Purebase settles lawsuit; receives 8.67M shares from Gauer, grants option to repurchase at $2.50
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- Settlement with Agregen, Hurtado, Gauer, Gingerich resolves Nevada lawsuit CV19-00097.
- Gauer surrenders 8,669,400 shares to Purebase as part of settlement.
- Gauer receives immediately exercisable five-year option to repurchase 8,669,400 shares at $2.50 per share.
- Lawsuit dismissed with prejudice; each party bears own attorneys' fees and costs.
- Option shares are unregistered and subject to resale restrictions under securities laws.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1575858/000149315222027228/0001493152-22-027228-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1575858/000149315222027228/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-027228

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